Item 8.01 Other Events

On September 2, 2021, Public Storage (the "Company") issued a press release announcing the pricing of its €700 million aggregate principal amount of Senior Notes due 2030 (the "Notes"). The full text of the press release is included in Exhibit 99.1 to this Current Report on Form 8-K.

The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities, and for general corporate purposes. The issuance reflects continuing execution of the Company's strategy to pair euro-denominated senior notes with its 35% common equity interest in Shurgard Self-Storage SA (Euronext Brussels:SHUR), which owned 243 self-storage facilities located in seven Western European nations at June 30, 2021. Since 2015, the Company has issued $5.8 billion of unsecured notes at a 1.7% average rate to fund its strategic growth along with free cash flow.

Forward-Looking Statements

When used within this Current Report on Form 8-K, the words "expects," "believes," "anticipates," "plans," "would," "should," "may," "estimates" and similar expressions are intended to identify "forward-looking statements," including but not limited to, statements about the completion, timing and size of the proposed offering of securities by the Company and the use of net proceeds of such offering. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to be materially different from those expressed or implied in the forward-looking statements. Such factors include market conditions and the demand for the Company's securities and risks detailed in the Company's prospectus and prospectus supplement filed with the Securities and Exchange Commission (the "SEC") in connection with this offering and in the Company's SEC reports, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K. We undertake no obligation to publicly update or revise forward-looking statements which may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.

Item 9.01. Financial Statements and Exhibits.






(d) Exhibits




Exhibit
  No.

99.1          Press Release dated September 2, 2021

104         Cover Page Interactive Data File (embedded within the Inline XBRL document)

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